Lucintel

Press Release

Lucintel Anticipates Facial Care to be the Largest Segment in the US Skincare Industry

Irving, TX, January 26, 2014 --(PR.com)-- The demand for skincare products in the US is increasing rapidly. The US skincare industry is estimated to reach $12.2 billion by 2018. Facial care has been the largest segment in terms of skincare products consumption that include a wide array of product choices including anti-aging creams, fairness creams, under eye creams, face masks, face scrubs, makeup removers, cleansers, toners, and face wash.

Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis on the various segments in the skincare industry and their usage and presents its findings in “US Skincare Industry 2013-2018: Trend, Forecast, and Opportunity Analysis.”Products with multiple features are trending such as fairness creams with sun block features and sun care products with anti-aging effects.

Recently consumers are becoming increasingly aware of following a good skincare regimen with beauty products that promise to benefit their skin. Also, the media and the internet is educating and sensitizing consumers about the bad effects caused by long-term use of chemicals contained in some of the beauty products.This report will help in knowing the upcoming opportunities and threats that are likely to be faced by the industry players and a brief scenario of prevailing trends.Customers are increasingly green consciousness, health safety focused, andaware of the health threats in synthetic chemicals, which are the major negative effects in the industry. Global recession in 2009 had led the high unemployment that affected the industry growth. European debt crisis have once again created instability in job industry which led to the growth of unemployment in 2012.

Skincare products continue to be in high demand for female consumers. The growth in anti-aging science is tightly tied to the growth in the anti-aging products in the skincare industry and the growing public fascination with youth. Research and development activity in this market has played an important role in identifying which of the large players in this market can hold a larger share since the demand for anti-aging skincare products is growing rapidly.

For a detailed table of contents and pricing information on these timely, insightful reports, contact Lucintel at +1-972-636-5056 or via email at helpdesk@lucintel.com.Lucintel offers a broad range of Industry Research Reports, Market Research Reports and Management Consulting services.